Atkore International Group Inc (NYSE:ATKR) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Atkore International Group Inc (NYSE:ATKR) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,117 shares of the company’s stock after purchasing an additional 38,105 shares during the period. Bank of New York Mellon Corp owned about 0.41% of Atkore International Group worth $5,114,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. New York State Common Retirement Fund boosted its position in Atkore International Group by 11.3% in the 3rd quarter. New York State Common Retirement Fund now owns 284,970 shares of the company’s stock valued at $5,560,000 after buying an additional 28,887 shares during the period. Sei Investments Co. purchased a new stake in Atkore International Group in the 3rd quarter valued at about $1,164,000. Stoneridge Investment Partners LLC purchased a new stake in Atkore International Group in the 3rd quarter valued at about $373,000. State of Wisconsin Investment Board boosted its position in Atkore International Group by 8.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 270,000 shares of the company’s stock valued at $5,268,000 after buying an additional 20,000 shares during the period. Finally, First Trust Advisors LP boosted its position in Atkore International Group by 15.0% in the 3rd quarter. First Trust Advisors LP now owns 274,520 shares of the company’s stock valued at $5,356,000 after buying an additional 35,868 shares during the period. Institutional investors own 98.33% of the company’s stock.

Shares of Atkore International Group Inc (ATKR) opened at $21.61 on Wednesday. Atkore International Group Inc has a 52-week low of $15.05 and a 52-week high of $27.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.39 and a quick ratio of 1.44. The firm has a market cap of $1,375.83, a P/E ratio of 17.15, a PEG ratio of 1.48 and a beta of 1.10.

Atkore International Group (NYSE:ATKR) last posted its earnings results on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The company had revenue of $395.80 million during the quarter, compared to analysts’ expectations of $394.49 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Atkore International Group’s revenue for the quarter was down 4.9% compared to the same quarter last year. research analysts expect that Atkore International Group Inc will post 1.47 earnings per share for the current fiscal year.

In related news, insider John Patrick Williamson sold 70,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $20.79, for a total transaction of $1,455,300.00. Following the completion of the sale, the insider now owns 262,172 shares of the company’s stock, valued at $5,450,555.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin P. Fitzpatrick sold 154,806 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.13, for a total transaction of $3,425,856.78. Following the transaction, the vice president now owns 58,223 shares in the company, valued at approximately $1,288,474.99. The disclosure for this sale can be found here. Insiders have sold 501,650 shares of company stock valued at $10,418,317 in the last three months. 51.00% of the stock is currently owned by corporate insiders.

ATKR has been the subject of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 price target on shares of Atkore International Group in a research report on Friday, October 13th. Zacks Investment Research raised shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup set a $26.00 price target on shares of Atkore International Group and gave the stock a “buy” rating in a research report on Thursday, November 30th. TheStreet raised shares of Atkore International Group from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. Finally, BidaskClub cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Atkore International Group presently has a consensus rating of “Buy” and a consensus price target of $23.00.

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Atkore International Group Company Profile

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

Institutional Ownership by Quarter for Atkore International Group (NYSE:ATKR)

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